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5 Things to Know Today – June 9, 2026

  Here are the five stories shaping your money today — from tomorrow's pivotal Bank of Canada decision to a looming trade deadline that could affect every Canadian business. 1. 🏦 Bank of Canada Decides Tomorrow — Hold Expected, But It's Not Simple All eyes are on Ottawa as the Bank of Canada announces its overnight rate decision on Wednesday, June 10 at 9:45 a.m. ET. The benchmark rate currently sits at 2.25%, and a hold is the widely expected outcome. But experts say it's the most uncertain call in months. Canada's economy has slipped into a technical recession — Q1 2026 GDP contracted at an annualized rate of -0.1%, following a downward revision to Q4 2025 (-1.0%). Under normal conditions, that would point toward a rate cut. But with energy-driven inflation climbing to 2.8% in April and geopolitical pressures still unresolved, the Bank is stuck between a rock and a hard place. Governor Tiff Macklem holds a press conference at 10:30 a.m. ET. Markets will be listening ...

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Netanyahu Confirms Israel’s Acceptance of Trump-Brokered Ceasefire with Iran

In a dramatic turn in the escalating Middle East conflict, Israeli Prime Minister Benjamin Netanyahu announced that Israel has agreed to a ceasefire proposal put forward by U.S. President Donald Trump. The announcement follows nearly two weeks of intense hostilities between Israel and Iran, marked by missile exchanges, airstrikes, and mounting casualties on both sides.

Netanyahu stated that Israel had achieved the objectives of its military campaign, dubbed Operation Rising Lion, which included neutralizing what he described as “a dual existential threat” from Iran’s nuclear and ballistic missile programs. According to the Israeli government, the operation resulted in significant damage to Iranian military leadership and infrastructure, as well as full air control over Tehran’s skies.

The ceasefire, which Trump declared “complete and total,” is being phased in over a 24-hour period. However, tensions remain high. Iran has not officially confirmed the agreement, though its state media reported the truce had begun. Earlier, Iran’s Foreign Minister indicated Tehran would halt attacks if Israel ceased its military operations by a specific deadline.

Despite the ceasefire, reports emerged of renewed missile fire from Iran into Israeli territory, prompting Israeli officials to warn of a forceful response to any violations.

The ceasefire has also reignited calls within Israel to expand the agreement to include Gaza, with families of hostages urging the government to leverage the diplomatic momentum to secure their release and end the war on the Palestinian front.

As the region holds its breath, the coming hours will determine whether this ceasefire marks a turning point—or merely a pause—in a deeply entrenched conflict.

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